What do a futures exchange operator, toy maker and cruise ship firm have in common? Friday's Income Investor takes a look at three dividend leaders with high relative strength. Carnival (NYSE:CCL), CME Group (NASDAQ:CME) and Hasbro (NASDAQ:HAS) all have RS Ratings of 80 or higher and are setting up in new base patterns. Hasbro is trading less than 4% below a 74.85 buy point in a flat base. The base, which corrected just 6% so far, started forming after Hasbro gapped to a 13% gain on April 20 in response to bullish Q1 results. Earnings climbed 50% from the year-ago quarter to 21 cents a share, 13 cents better than estimates. Sales climbed a less impressive 5%, continuing a trend of single-digit gains.
Hasbro sports a 91 RS Rating, which is tops among stocks meeting the dividend leaders screen. The toy maker is up 31% year-to-date compared to just a 2% gain by the S&P 500. CME reported average daily contracts of 14.1 million in May, up 8% from the prior year. Foreign exchange and agricultural commodity contracts showed the biggest year-over-year pickup in volume. Carnival also fits the bill with an 80 Relative Price Strength rating and fresh cup-with-handle base.
Source: Investors.com
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